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Jupiter single family home prices soar 6% to all time record high

The median price of a single family home in the Northern Palm Beaches jumped almost 6% over the past 30 days and, as of April 1st, sat at $510,000 which is an all time record. This month’s number eclipses the old record of $500,000, set way back on June 1st of last year.

Beach with grass

Compared to year ago numbers, the median price of a single family home in the Jupiter area is up 5.5%, which is a solid year over year gain. Actual sales remain slow and in March the number of closings fell over 18% from last year’s numbers. If was the 5th straight month where sales of single family homes have fallen short of year ago numbers.

The number of homes under contract increased for the 3rd straight month, but are still 9% below year ago numbers, and at the lowest levels that we have seen on an April 1st in well over 6 years. We need a very strong month of contract writing if we want to see median home prices continue to rise.

When doing anything real estate the goal is to get informed and make educated decisions.Paradise Sharks has decades of experience, thrives on world class customer service and with no franchise fees to pay, or broker splits to contend with, we simply do more for less. It’s that simple and if you need any real estate help please feel free to reach out to us at 561.308.0175 to tom@paradisesharks.com for a complimentary consultation.

 

Fins up…..

 

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